Forex (Foreign Exchange)

Forex 2018-03-13T11:29:35+00:00

Foreign Exchange Market

Forex is the world’s largest financial market, where different currencies are exchanged against each other. Daily transaction volumes of the Forex market are, according to our estimates, as high as 3-4 trillion USD. Compare this to about 25 billion a day volume of the New York Stock Exchange.

Currency Pairs

OZFX offers about 70 currency pairs on the MetaTrader 4 platforms. In a currency pair, the first currency is called “base currency”; the second currency is called “counter currency”. When you buy or sell a currency pair, you are performing that action on the base currency.

Available Currency Pairs
The “majors” and the “commodity pairs” are the most liquid and most widely traded currency pairs in the forex market. These pairs and their combinations (EUR/JPY, GBP/JPY, and EUR/GBP) make up the vast majority of all trading in the forex market. Due to the large number of buyers and sellers, these pairs typically show tight spreads.

8 Reasons to Choose Forex

In Forex there are always traders who are willing to buy or sell. The market never sleeps. OZFX offers its clients the best quotes from major banks, and other liquidity providers.
The market trades 24 hours a day, 5 days a week from Monday to Friday, and your broker offers you support 24 hours a day. You can choose when to trade.
Starting deposits in Forex are considerably lower than in other financial markets. Leveraged (or marginal) trading used in Forex lets you operate funds many times as large as your margin deposit.
In the STP model, you trade with other market participants not against your broker. With this business model, the broker is not trading against you and does not profit when you lose. On the contrary, the broker receives more commission when you increase your trade volumes.
Stock markets can crash and securities may lose their value but when one currency is depreciating, the other will be gaining value and you can earn on that as well.
There are only 4 major currency pairs in Forex. You can choose just one currency pair or several pairs to focus on. Monitoring news and market analytics for 4 currency pairs is easier than struggling to keep an eye on thousands of stocks.
OZFX provides you with demo-accounts, training courses and workshops, video tutorials, news, charts and market analytics so that you can practice your trading skills.
You do not have to spend long hours in front of your computer studying charts and following all the price movements. With automatic indicators and signals you will be notified immediately of any important events or trend reversals. You can also take advantage of expert advisers, that are based on your own or somebody else’s proven trading strategy. An Expert Adviser trades automatically without your participation.